Each company to the same extent that provisions are applicable
to domestic mutual insurers shall be governed by and be subject to
the following provisions of this chapter, but only to the extent
these provisions are not inconsistent with this article: Article
one (definitions); article two (Insurance Commissioner); article
four (general provisions), except that section sixteen, article
four, may not be applicable; article seven (assets and
liabilities); article eight-a (use of clearing corporations and
federal reserve book-entry system); article ten (rehabilitation and
liquidation), except that under section thirty-two, article ten,
assessments may not be levied against any former member of a
farmers' mutual fire insurance company who is no longer a member of
the company at the time the order to show cause was issued; article
eleven (unfair trade practices); article twelve (insurance
producers and solicitors), except that the agent's license fee
shall be $5; section six-a, article seventeen (notice of
noncoverage of flood damages and the availability of flood
insurance); section nine-b, article seventeen (claims for total
loss; debris removal proceeds); article twenty-six (West Virginia
Insurance Guaranty Association Act); article twenty-seven
(insurance holding company systems); article thirty (mine
subsidence insurance), except that under section six, article
thirty, a farmers' mutual insurance company shall have the option of offering mine subsidence coverage to all of its policyholders,
but may not be required to do so; article thirty-three (annual
audited financial report); article thirty-four (administrative
supervision); article thirty-five (criminal sanctions for failure
to report impairment); article thirty-six (business transacted with
Producer-Controlled Property-Casualty Insurer Act); article
thirty-seven (managing general agents); article thirty-nine
(disclosure of material transactions); article forty (risk-based
capital for insurers); and article forty-one (Insurance Fraud
Prevention Act).
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.